Shares of companies in the energy space are poised to buzz when markets open for trading on Monday after the first-ever auction for wind energy saw tariff plunge to a record low of Rs 3.46 per unit. One of the four successful bidders was Inox Wind, listed on the bourses. Stocks that could witness heightened activity include Suzlon Energy, NTPC, Power Grid Corporation and PFC.On Thursday (February 23), Inox Wind shares ended at Rs 178 apiece, NTPC at Rs 165, PFC at Rs 135, PGC at Rs 199 and Suzlon Energy at Rs 18 (face value of Rs 2 each). Stock markets were closed on Friday on account of Maha Shivratri.Read: Bidders push wind energy tariff to record low in India auction Suzlon Energy is one of the other companies in the wind energy space while NTPC has interests in thermal and solar power. Power Grid Corporation (PGC) is a transmission company, while Power Finance Corporation (PFC) is into funding power projects.On Friday, bidding for 1 giga watt (GW) wind energy generation saw four firms bagging contracts to produce 250 mega watt (MW) each at Rs 3.46 per kilo watt hour (kWh). The other three successful bidders were Mytrah Energy, Green Infra and Ostro Kutch Wind.Firms that were in the race but could not win included ReNew Power Ventures, Gamesa Renewables Pvt. Ltd., Hero Future Energies Ltd and RP-Sanjiv Goenka Group’s CESC Ltd.The auction was conducted by state-run Solar Energy Corporation of India (SECI).Inox Wind has three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW and manufactures components for wind turbine generators.The plant near Ahmedabad (Gujarat) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future, according to a company update.The company posted net profit of Rs 107 crore on total sales of Rs 1,160 crore for the third quarter ended December 31, 2016.NTPC is India’s largest power producing company, both in terms of installed capacity and output. The state-run company that generates and sells power in bulk supplies reached 48,143 MW in power generating capacity with the commissioning of the 115 MW Bhadia Solar Power project in West Bengal recently. The public sector company’s power generating capacity is almost a fourth of the country’s total.For the quarter ended December 31, 2016, its net profit and revenues stood at Rs 2,468 crore and Rs 19,395 crore, respectively.Private sector company Suzlon Energy has an installed capacity of 15.5 GW globally. In India, it has about 100 wind farms in nine states with a capacity of 10 GW.In Q3, the company earned net profit of Rs 304 crore on total turnover of Rs 3,307 crore. It sold 462 MW power during the quarter and 1,019 MW for the nine months ended December 2016.The order book as of December 31, 2016 stood at 1,231MW valued at Rs. 7,523 crore, including new orders for 557 MW in the third quarter. Suzlon Energy’s net debt excluding FCCBs was Rs 6,538 crore.read more

Close IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:02/1:04Loaded: 0%0:02Progress: 0%Stream TypeLIVE-1:02?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Tiktok has been hanging on barbed hedges with multiple allegations of security compromises and propagating anti-national activity slapped by the government on the viral app. The app this time is at a major risk of getting completely banned in India because of its outrageous policies on the propagation of its content.The lip sync video app has a history of being banned in India during the General Elections 2019 due to its large scale propagation of anti-national videos and usage of the app for mocking and defaming politicians, celebrities and parties. The app has again come into limelight after the government announced that the app will face scrutiny based on a questionnaire, failing to produce appropriate answers will lead to the app’s knock off. TikTok in a crisis to loose the major marketThe sudden action plan by the government was triggered by the massive circulation of anti-national videos by the apps and the rumours about a similar fun video-making platform named Helo, paying hefty amounts to media platforms, to circulate 11,000 morphed political ads on their platform.The Narendra Modi government has decided to investigate the two social video making platforms namely, Tiktok and Helo for their objectionable video propagation through varying social media platforms. The Cyber Laws and e-Security wing of the Ministry of Electronics and Information Technology (MeitY) have issued a notice to both the platforms directing them to produce answers to the 21 questions sent to them. The MeitY will decide the future prospects of the applications by verifying their answers. The Helo social video making AppApp StoreFollowing the investigation, the government has ordered the platforms to guarantee the non-publication of any Indian videos, user data or user information to any foreign government or third party.The viral apps have issued a conjoint statement showing positivity with the investigation levied on them. They said that they are looking forward to fully collaborate with the government to meet and exceed their obligations. They also conveyed their plans for supporting the Skill India program and investing about $1 billion within three years to bring about technological and infrastructural advancements. TINA syndrome in play as Modi wave sweeps India; ‘There Is No Alternative’ to BJPread more

By Mark F. Gray, Special to the AFRO, mgray@afro.comPrince George’s County Police are mourning the loss of one of their own after a motorcycle crash claimed the life of an off duty officer in the early hours of Wednesday morning. Officer Davon McKenzie, 24, was killed in a multi-vehicle crash while riding his motorcycle off the Capital Beltway in Largo, according to Maryland State Police who is handling the investigation.“The Prince George’s County Police family is brokenhearted at the loss of this young officer and only son,” said Prince George’s County Police Chief Hank Stawinski in a statement. “He was well respected and loved by his fellow officers. I, on behalf of all of us who were at the hospital and all those who couldn’t be, extend our deepest condolences to his family.”Officer Davon McKenzie, 24, while riding his motorcycle off duty, was killed in a multi-vehicle crash on I-495. (Courtesy Photo)McKenzie had been with the department since 2017 and was assigned to the patrol unit. He also was a school resource officer in Prince George’s County Public Schools.According to police accounts McKenzie was riding his Suzuki motorcycle on the Capital Beltway between Maryland Route 202 and Arena Drive shortly after 11:20 p.m. Tuesday evening when a Nissan Altima was attempting to merge onto southbound Interstate I-495 from Maryland Route 202 when it struck a commercial street sweeper in the slow lanes near the ramp.The driver of the Nissan then lost control and veered across all of the southbound lanes and struck McKenzie’s motorcycle that was in the fast lane which impact threw McKenzie from the motorcycle, over the wall and into oncoming traffic, where he was struck by two northbound vehicles.All vehicles involved in the crash remained on the scene. McKenzie was transported to the University of Maryland Prince George’s Hospital Center, where he was pronounced dead.“Today we mourn the loss of Officer Davon McKenzie, who in addition to serving the Prince George’s County community served PGCPS students directly as a School Resource Officer at William Wirt Middle School,” PGCPS tweeted Wednesday morning. We send love to his family, department and all who knew him.”read more